School district · Lake County, IN

Lake Ridge Schools's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2024), Lake Ridge Schools took in $27.7 million and spent $26.0 million.

Latest recorded year: ended June 30, 2024Comes fromGoes to

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Where it comes from

State tax money74%School district taxes18%Fines and other3.9%County and local tax money2.1%Federal tax money2.0%

What stands out

17%

of Lake Ridge Schools' money comes from property tax.A typical school district with fewer than 5,000 students gets 28%.

School district taxes18%

Property tax
17%$4.7 million
Other taxes
1.4%$375 thousand
What's in other taxesOther taxes not classified elsewhere
  • Other taxes not classified elsewhere$375 thousand

Amounts are by Census tax category.

Fees for services<0.1%

Fees for services
<0.1%$6 thousand
What's in fees for servicesSchool lunches
  • School lunches$6 thousand

Amounts are by Census type of charge.

Federal tax money2.0%

Grants from Washington, paid for by the federal taxes residents also pay.

From the federal government
2.0%$554 thousand

State tax money74%

Money the state passes on, paid for by the state taxes residents also pay.

From the state
74%$20.4 million

County and local tax money2.1%

Money passed on by the county or other local governments.

From the county and other local governments
2.1%$592 thousand

Fines and other3.9%

Interest, rents and other
3.9%$1.1 million

Where it goes

Schools and colleges93%Sent to other local governments4.7%Interest on debt2.7%

What stands out

4.7%

of Lake Ridge Schools' spending goes to local governments.A typical school district with fewer than 5,000 students spends 1.3%.

Spending by category100%

Schools and colleges
93%$24.1 million
What's in schools and collegesElementary and secondary schools
  • Elementary and secondary schools$24.1 million
Sent to other local governments
4.7%$1.2 million
What's in sent to other local governmentsSent to school districts
  • Sent to school districts$1.2 million
Interest on debt
2.7%$700 thousand
Sources and moreWhere these numbers come from and what they cover

Lake Ridge Schools. U.S. Census Bureau, 2024 Annual Survey of State and Local Government Finances, individual unit file, fiscal year ended June 30, 2024.

What this covers. The money of Lake Ridge Schools itself. Other governments that serve the same area (the city, county, school district and state) are separate and not included. Borrowing, transfers between a government's own funds, and pension trust funds are not counted as revenue.